Saturday, May 25, 2013

"Global Honchos" blame regulation

No doubt:

Regulatory pressure is the biggest threat facing companies across all industries worldwide, according to a report by consultant KPMG International. It weighed in as the No. 1 challenge facing financial services and energy and resource companies. Government pressure to contain spending was the top risk in health care. Geopolitical unrest and a global economic crisis were also major worries.

Seventy-percent of C-suite execs across all industries say that regulatory changes have caused either substantial or moderate changes in their risk management and reporting processes in the past two years

Calling us "global honchos" will not help, I suspect, but point taken.

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